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☆ Goodnight, sweet Panera charged lemonade prince
▼ + stars: | 2024-05-08 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +1 min

Panera Bread is getting rid of its highly caffeinated charged lemonades, which attracted lawsuits. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPanera Bread is finally getting rid of its "charged lemonade" — another chip away at our freedom. In a world with few acceptable vices left — and a lot to worry about — Panera's "Charged Sips" were a bright spot. This story is available exclusively to Business Insider subscribers.

Persons: —, Zyn Organizations: Service, Business

☆ Panera to discontinue its controversial 'charged' drinks that lawsuits linked to deaths
▼ + stars: | 2024-05-08 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The drinks were tied to at least two wrongful death lawsuits against Panera. AdvertisementPanera Bread is discontinuing its controversial, highly caffeinated Charged Sips range that was linked to at least two wrongful death lawsuits in the US. Panera currently sells two flavors of Charged Lemonade — strawberry lemon mint and mango yuzu citrus — and a blood orange "charged" splash. Two of these were wrongful death lawsuits. The company previously told BI that it thought the wrongful death lawsuits were "without merit" and that it stood by the safety of its products.

Persons: —, Panera, they're Organizations: Panera, Service, Bloomberg, CNBC, Food and Drug Administration

☆ Panera’s Charged Lemonade, the subject of multiple wrongful death lawsuits, is being axed from its menu
▼ + stars: | 2024-05-07 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Panera Bread is eliminating Charged Lemonade from its menu, the caffeinated beverage that has sparked multiple lawsuits and caused a public relations nightmare for the company. The Charged Lemonades will come off the menu in the next two weeks, according to Bloomberg, which first reported the news. The chain declined to comment to CNN on the timeline of the drinks’ removal. A Panera spokesperson said new drinks will replace it, including low-sugar and low-caffeine options, including a new blueberry lavender lemonade, pomegranate hibiscus tea, citrus punch and a tropical green smoothie. Panera kept the Charged Lemonades on the menu, despite the controversies, because experts say removing the drink immediately could have come across as an implied admission that something was wrong with it in the first place.

Persons: Panera, James Haggerty, Haggerty Organizations: New, New York CNN, Bloomberg, CNN, Reuters Locations: New York

☆ Panera says it is phasing out its controversial Charged Lemonade nationwide
▼ + stars: | 2024-05-07 | by ( Elizabeth Chuck | ) www.cnbc.com time to read: +5 min

Charged Lemonade from a Panera Bread Co. arranged in the Queens borough of New York, US, on Tuesday, Dec. 12, 2023. A Panera Bread spokesperson says the restaurant chain is phasing out its Charged Lemonade, a highly caffeinated beverage that has been blamed for at least two deaths in lawsuits. A spokesperson for Panera said Tuesday that the nationwide discontinuation of the Charged Lemonade comes after a "recent menu transformation." Panera previously advertised its Charged Lemonade as "Plant-based and Clean with as much caffeine as our Dark Roast coffee." Panera has since updated its nutrition information to reflect how much caffeine is in the Charged Lemonade with ice, listing the large size of the blood orange Charged Lemonade, for example, as having 302 milligrams.

Persons: Sarah Katz, Dennis Brown, Lauren Skerritt, Panera, Katz, Victoria Rose Conroy, Sarah, Brown, Elizabeth Crawford, Kline, Specter, Dennis, Lauren Organizations: University of Pennsylvania, Food and Drug Administration, NBC News, NBC Locations: Queens, New York, Florida, Rhode, Missouri, Pennsylvania, New York City, Philadelphia

☆ My family of 4 tried Red Lobster's $30 family 'meal deal.' It was tasty but we wouldn't get it again.
▼ + stars: | 2024-05-06 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

I tried Red Lobster's family taco meal deal for $30 — it was not enough to feed my family of four. Red Lobster's family taco meal deal Had I not added fries and biscuits, I think my family would've been hungry later that night. As far as family-style meal deals from chain restaurants go, this one was not worth the price. AdvertisementMany chain restaurants, from Panera Bread to IHOP , have been adding family-style meal deals to their menus. So, instead of cooking dinner on Taco Tuesday, I headed to seafood chain Red Lobster to try its family taco meal deal.

Persons: — Organizations: Service, Taco

☆ Viking is the biggest IPO of the year, capping off a huge month for IPOs
▼ + stars: | 2024-05-01 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

The Viking Holdings Ltd. IPO, which starts trading today on the New York Stock Exchange, will be the biggest IPO of 2024 so far. Viking is only the biggest in a month of standouts. Eighteen IPOs raised a combined $5.3 billion in April, according to Renaissance Capital, the busiest month for IPOs since November 2021. The stock market had a miserable April, with the S & P 500 down 4% and, unsurprisingly, many recent IPOs were down. All of the larger, most recent IPOs remain above their initial offering price.

Persons: Del Organizations: Viking Holdings, New York Stock Exchange, Renaissance Capital, IPOs, Viking, Holdings, Epic Locations: Bermuda, Del Monte

☆ Panera founder: Consumer is 'skittish' but they'll spend on things they really want
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPanera founder: Consumer is 'skittish' but they'll spend on things they really wantRon Shaich, Cava chairman and Panera founder, joins 'Money Movers' to discuss the consumer's appetite to spend at restaurants, what makes Cava unique, and much more.

Persons: Ron Shaich Organizations: Consumer Locations: Cava

The Times Square Red Lobster will be offering free all-you-can-eat lobster to a select few customers on March 28. Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. Red Lobster could secure a buyer, it could declare bankruptcy or its lenders could take control of the company. This year marks the 10-year anniversary of Darden Restaurants' sale of Red Lobster after investors pushed the company to divest. As a result, Red Lobster reported $11 million in losses in the fiscal third quarter and $12.5 million in losses the following quarter.

Persons: it's, Jonathan Tibus, Alvarez, Lobster, Kim Lopdrup, Kelli Valade, Horace Dawson, Red Organizations: Times, CNBC, Bloomberg, Red Lobster, Darden Restaurants, Golden Gate Capital, Thai Union Group, Red, Seafood Alliance Locations: Golden

☆ The IPO reopening is real. Just look at Rubrik, the first unicorn to go public in months
▼ + stars: | 2024-04-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Last night data security firm Rubrik priced 23.5 million shares at $32, above the price talk of 23 million shares at $28-$31, raising $752 million. Rubrik is the first tech unicorn IPO since last fall. Marex Group, a UK-based financial services company known for its global clearing business, priced 15.4 million shares at $19, the midpoint of the price talk of $18-$21, raising $292 million. Loar Holdings, which makes aerospace and defense components, priced 11 million shares at $28, above the range of $24-$26, raising $308 million. All eyes on Rubrik Rubrik is an important test of the tech IPO market.

Persons: Matt Kennedy, Rubrik, Kennedy, Ingram, Del Organizations: Marex, Nasdaq, Loar Holdings, New York Stock Exchange, Viking Holdings, Arm Holdings, Renaissance Capital, UL, Astera Labs, Forge, Companies, Ingram Micro, Epic Locations: Del Monte

☆ Drone startup Zipline hits 1 million deliveries, looks to restaurants as it continues to grow
▼ + stars: | 2024-04-19 | by ( Kate Rogers | ) www.cnbc.com time to read: +3 min

Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it's eyeing restaurant partnerships in its next phase of growth. The San Francisco-based startup designs, builds and operates autonomous delivery drones, working with clients that range from more than 4,700 hospitals including the Cleveland Clinic to major brands such as Walmart and GNC. The company said its zero-emission drones have now flown more than 70 million autonomous commercial miles across four continents and delivered more than 10 million products. The push into restaurant partnerships marks an "obvious transition" he said, due to the continuing growth in interest in instant food delivery. Zipline deliveries for some Panera locations in Seattle are expected to begin next year, the Panera franchisee's chief operating officer Ron Bellamy told CNBC.

Persons: It's, Keller Rinaudo Cliffton, Rinaudo Cliffton, Ron Bellamy, I'm, Bellamy Organizations: Cleveland Clinic, Walmart, Sequoia Capital, a16z, Google Ventures, CNBC, Memorial Hermann Health Locations: San Francisco, Ghana, Seattle, Houston, Detroit

☆ California just hiked minimum wage for fast food workers. Some restaurants are replacing them with kiosks
▼ + stars: | 2024-04-11 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +9 min

New York CNN —California just raised the minimum wage for the state’s fast food sector workers by $4 to $20. And, although many casual observers disagree, higher wages for fast food workers could actually help fast food owners, Dongoski said. The employment level in fast food restaurants still hasn’t reached pre-pandemic levels. This has nothing to do with minimum wage.”However, the minimum wage increase serves as an accelerant, Brown said. The changes are necessary, said Ghai, who employs 3,700 fast food workers in California.

Persons: ”, Rob Dongoski, Dongoski, hasn’t, ” Dongoski, McDonald’s, Katie Fogerty, “, David Paul Morris, Burger, Marbue Brown, we’ve, ” Brown, that’s, Brown, “ It’s, Taco, Ghai, “ Everyone’s, ” Ghai, he’s, Harsh Ghai, Condie, ” Condie Organizations: New, New York CNN, Bloomberg, Getty, Burger, Taco Bell, CNN, California Restaurant Association Locations: New York, California, Kearney, Larkspur , California, New York City

☆ There are green shoots appearing in the IPO market. Here are the stocks to watch going public soon
▼ + stars: | 2024-04-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Two months ago, I wrote a story entitled, "The IPO market is looking very shaky and facing challenges galore." Two months later, the IPO market is still shaky, but there are definite signs of improvement. Second, three $100 million IPOs have filed to go public in the past week, including Viking (the cruise line operator) and Rubrik, a data management platform. Greg Martin at Rainmaker Securities told me that the recent performance of Reddit and Astera Labs, "Were nice shots in the arm for the IPO market. Even with markets at new highs, the specter of interest rates creeping up is still hanging over the IPO market.

Persons: Matt Kennedy, Reddit, Greg Martin, Ibotta, Ingram, Del, Viking, Howe Ng, I'm, Martin, Rainmaker, Santosh Rao Organizations: IPOs, Viking, Renaissance Capital, Astera Labs, Rainmaker Securities, NYSE, UL Solutions, Underwriters Laboratories, Nursing, Centuri Holdings, Labs, Companies, Ingram Micro, Epic, Manhattan Venture Partners Locations: IPOs, Del Monte

☆ I met my birth mother at 27 and realized she never wanted me. It took years to get over the abandonment.
▼ + stars: | 2024-04-07 | by ( Nia Allen | ) www.businessinsider.com time to read: +5 min

I met my birth mother at 27 and felt rejected. But at 27, I finally met my birth mother, and I came to some startling realizations: I'm actually not OK with being adopted, and my birth mother never wanted me; she rejected me. The meeting with my birth mother did not go wellFrom the moment we sat down in Panera, I knew she never wanted me. AdvertisementI suffered from severe mom guilt because I didn't want to be compared to my birth mom. And, maybe for my birth mother, that meant giving me up to someone who knew how to care for me.

Persons: —, she'd Organizations: Service Locations: Panera

Starting Monday, fast-food workers in California at chains with more than 60 national locations earn $20 an hour, higher than the state's broader minimum wage of $16 per hour. California pay is already highwatch nowWhile the new fast-food minimum wage is among the highest in the U.S., California employers are used to paying more for their labor. Even when it is not mandated, restaurants usually find themselves paying more than the minimum wage to attract hourly workers. As a full-service restaurant chain, the company won't be obligated to pay its California workers $20 an hour. Advocates prepare to go biggerFrom start to finish, the California law, which was backed by the Service Employees International Union, has been controversial.

Persons: David Paul Morris, Gavin Newsom, Matthew Haller, Daniel Zhao, Zhao, Lauren Crabbe, she's, Crabbe, Matthew Clark, Jennifer B, Perez, I'm, it's, Newsom, Greg Flynn, Flynn Organizations: McDonald's Corp, Bloomberg, Getty, International Franchise Association, CNBC, Bureau of Labor Statistics, Service Employees International Union, Gov, SEIU Locations: Oakland , California, U.S, California, , California, Fresno, San Francisco, Long Beach

Fast food was her full-time job until last year. “Because I would not have been looking for so many other jobs in different places.”The law was supported by the trade association representing fast food franchise owners. For many fast food restaurants, this means the jump to $20 per hour will be smaller. At first, it appeared the bread exemption applied to Panera Bread restaurants. Also, Flynn has announced he would pay his workers at least $20 per hour.

Persons: Ingrid Vilorio, ” Vilorio, Alex Johnson, Anne's Pretzels, Johnson, “, ” Johnson, ”, Michael Reich, ” Reich, Reich, Greg Flynn, Newsom, Flynn, ___ Organizations: San Francisco Bay Area, University of California, Bloomberg News Locations: LIVERMORE, Calif, California, United States, San Francisco Bay, Berkeley, Sacramento , California

☆ Panera Bread franchise owner — and Newsom's donor — is going to raise wages after all
▼ + stars: | 2024-03-06 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Gavin Newsom said he's raising pay at his Panera Bread locations after it was widely reported that they'd be exempt from a new state law boosting the minimum wage. Greg Flynn, the franchise owner of 24 Panera Breads in the state, announced on Tuesday that he would raise the minimum wage at his locations from $16 to $20. This story is available exclusively to Business Insider subscribers. Newsom and Flynn have known each other for years, and Flynn has been a longtime donor to Newsom's campaign, Business Insider previously reported. That connection brought Newsom under fire last week because the state's new law appeared to have a potential, specific exception for Panera Bread.

Persons: —, Gavin Newsom, they'd, Greg Flynn, Newsom, Flynn Organizations: Service, California Gov, Business, Bloomberg, Flynn Locations: California, , California

☆ California Panera franchisee will raise minimum wage to $20 after political firestorm over minimum wage carveout
▼ + stars: | 2024-03-05 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

Los Angeles CNN —A Panera Bread franchise owner in California said he will raise the minimum wage for his employees after accusations he benefited from ties to the state’s governor to avoid hiking pay. A new state minimum wage law exempts certain businesses that make and sell bread – a carveout that critics contended benefited Greg Flynn, a billionaire Panera franchise owner who attended high school with Democratic California Gov. On Tuesday, Flynn told CNN that he has decided to raise the minimum pre-tip wage at all of his Panera Bread locations to $20 per hour, regardless of whether his fast-casual bakeries are exempt from the new minimum wage law or not. “At Flynn Group, we are in the people business and believe our people are our most valuable assets,” Flynn said. However, Flynn said he never personally met with Newsom about the minimum wage bill, though he did meet with Newsom’s staff and a group of other restaurant owners to discuss it.

Persons: Greg Flynn, Gavin Newsom, Flynn, “, ” Flynn, Newsom, ”, Alex Stack Organizations: Los Angeles CNN, Democratic California Gov, CNN, Flynn Group Locations: California

☆ Panera is exempt from California's fast-food wage increase. A billionaire franchisee previously donated to Gov. Newsom.
▼ + stars: | 2024-03-01 | by ( Ana Altchek | Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Read previewCalifornia's minimum wage increase from $16 to $20 an hour for fast-food restaurant workers, set to go into effect in April, caused a stir among fast-food chains — but not Panera. He owns 12 Panera locations in California. When asked last year about the bread exemption that baffled many, Newsom said, "That's part of the sausage-making," declining to elaborate further. Flynn, in a conversation with Bloomberg, denied having a hand in the bread exemption. A few smaller brands appear to benefit from the carve-out, including Paris Baguette and Great Harvest Bread Co, Bloomberg reported.

Persons: —, Gavin Newsom, Greg Flynn —, Flynn, Taco Bell, Flynn Group's, Newsom, Panera, Paris Baguette Organizations: Service, Flynn Group, Business, Bloomberg, San Francisco Chronicle, Flynn Properties Inc, US Food and Drug Administration, Co Locations: California, Paris

☆ Panera Bread is promising bigger portions and lower prices in its 'largest menu transformation ever'
▼ + stars: | 2024-03-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

It includes new and improved menu items with bigger portions. Panera is cutting some items to streamline its menu, including its flatbreads. AdvertisementPanera Bread has unveiled its "largest menu transformation ever," including new and improved menu items, bigger portions, and some lower prices. It's adding nine new menu items, including a Ciabatta Cheesesteak, Bacon Mac and Cheese, and a Southwest Chicken Ranch Salad. This story is available exclusively to Business Insider subscribers.

Persons: —, Panera, Bacon Mac Organizations: Service, Business

☆ Why Panera is causing a stir in California politics
▼ + stars: | 2024-03-01 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

And Panera Bread has been caught in the middle. Newsom has also said that Panera may not be exempt from the new minimum wage law after all. Nevertheless, on Thursday, Republican lawmakers in California called on the state’s attorney general to investigate the minimum wage exemption. Flynn’s company operates more than just Panera Bread locations. Stack also said that Newsom’s legal team determined that the carve-out would likely not apply to most Panera Bread locations.

Persons: Gavin Newsom, Greg Flynn, Newsom’s, Newsom, Flynn, Panera, ”, Brian Jones, owner’s Newsom, Myung J, Chun, “, ” Flynn, Taco, –, Alex Stack, Stack Organizations: Los Angeles CNN, Democratic California Gov, Republican, Los Angeles Times, CNN, Flynn Group, Taco Bell Locations: California, Los Angeles , CA

☆ Panera Bread is overhauling its menu
▼ + stars: | 2024-02-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Panera Bread is undergoing its “largest menu transformation ever,” shifting away from its attempt at dinner and refocusing on what it’s best known for, like sandwiches and salads. Panera didn’t release a full list of the menu items that are getting the axe, other than confirming that the flatbreads it introduced in 2019 are being eliminated. Panera confirmed that the kitchen sink cookie, kids menu and soufflés are staying. Panera teased that more details about that menu changes will be unveiled in March. Panera is also aiming to lure in budget-conscious customers with some of the new menu items being priced under $10.

Persons: Panera, ” Alicia Mowder, ”, ” Panera Organizations: New, New York CNN, CNN, “ Bravo Locations: New York, Bacon

☆ Dunkin’ is now selling caffeinated energy drinks, even after Panera’s charged lemonade controversy
▼ + stars: | 2024-02-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Dunkin’ is adding an energy drink to its menu to capture some of the buzz generated by heavily caffeinated beverages, which are surging in popularity. But the menu addition comes with a risk: Panera Bread is facing multiple lawsuits over its its own energy drink. The Dunkin’ energy drink has less caffeine for a similarly sized cup with 192 mg for both flavors, according to its website. Despite the controversy, energy drinks are big sellers for chains. At Dutch Bros, a fast-growing chain, its lineup of energy drinks accounts for a quarter of its sales.

Persons: New York CNN — Dunkin, Dunkin, ” Dunkin ’, Panera, “, CNN’s Eva Rothenberg Organizations: New, New York CNN, US Food and Drug Administration, CNN, Dutch Bros Locations: New York

☆ Nine hours at the most unhinged hole in golf
▼ + stars: | 2024-02-13 | by ( Zak Jason | ) www.businessinsider.com time to read: +12 min

But this was Saturday at the 16th hole of Phoenix’s Waste Management Open, also known as the loudest day at the Loudest Hole in Golf, also known as the Greatest Show on Grass. “We’re so back.”In theory, this was a professional golf tournament, one of the oldest on the PGA Tour. Iwas there as an inevitable result of being in all-male group chat, its own black hole of feral manhood. Few were watching golf; most were huddled in circles many yards from the 16th hole, drinking and people-watching. That’s worth the wait.”Inside our box, golf continued to happen, but if the golfers weren’t teeing off, no one was watching the course.

Persons: seltzer, “ He’s, ”, —, Vuori, Oxford —, there’d, Creed’s, Scott Stapp sauntering, Christian Petersen, Getty “ Scott Stapp, “, Miller, George Bush, Orlando Ramirez, Getty, ” He’d, ctT5HMvIyg, Happy, Thomas Jefferson, MAGA, Him Cook, Ross D, Jesus Christ, Johnny, weren’t teeing, Hey, Potter, hal, Ben Jared, shitshow ” Organizations: Waste, Oxford, PGA, NBC, Alabama, pats, BlackRock, Bulls, WM, SEC, Happy Gilmore Bruins, Mardi Gras, Franklin, Waste Management Locations: Patagonia, Phoenix

☆ The IPO market is looking very shaky and facing challenges galore
▼ + stars: | 2024-02-01 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The IPO market is looking very shaky and confronted with a host of challenges that are holding it back. Regardless, recent IPO performances have been poor across the board. IPO investors cheered the advance by bidding up the Renaissance Capital IPO ETF (IPO), a basket of recent IPOs, in December, assuming the IPO market would open up. CNBC's Jim Cramer, speaking early Thursday on Squawk on the Street , highlighted another obstacle for IPO buyers: investors are getting comfortable returns elsewhere with far lower risk. When David Faber asked why the IPO market was off to such a slow start with the markets so strong, Cramer replied, "I think it's the five percent solution," he said, referring to the ocean of money still sitting in money market funds.

Persons: Jay Powell's, Birkenstock, Smith Douglas, Amer, Greg Martin, Martin, Matt Kennedy, Kennedy, What's, Rainmaker, Del, CNBC's Jim Cramer, David Faber, Cramer Organizations: Amer, Wilson, NYSE, Smith Douglas Homes, BrightSpring, Renaissance Capital, Rainmaker Securities, Renaissance, Microsoft Locations: EBITDA, Squawk

☆ Panera’s Charged Lemonade has been the subject of multiple lawsuits. Why is it still on the menu?
▼ + stars: | 2024-01-27 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +7 min

New York CNN —Restaurant chain Panera Bread has faced three separate lawsuits in recent months claiming the high levels of caffeine in its Charged Lemonade led to the death of two customers and irreversible health complications in another. Lawsuits claim advertising was unclearBoth wrongful death suits allege the Charged Lemonade does not clearly advertise its high levels of caffeine , and does not provide a warning to customers. A large-size Charged Lemonade, which comes in a 30-oz cup, contains up to 236 mg of caffeine. Similarly, the second lawsuit, filed in December by the family of a 46-year-old man with a chromosomal deficiency disorder, ADHD and high blood pressure, claimed that the product was not properly labeled. The product description on the individual pages for each lemonade flavor now reads: “Contains caffeine.

Persons: James Haggerty, Haggerty, “, ”, Panera, Leonard’s Organizations: New, New York CNN, CNN, US Food and Drug Administration, FDA, Federal Food, Act, American Beverage Association, ABA Locations: New York, Connecticut, United States

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